REJournals.com Local investor 3L Real Estate paid $82.5 million, or $332,661/unit, for the 248-unit Astoria Tower apartment property in Chicago. The deal was first reported in March, but a purchase price was not known at the time. Crescent Height sold the property, which it began converting to rentals from condominiums in 2010 when it acquired […]

The post Local Investor Paid $82.5Mln for Chicago Apartments appeared first on Commercial Real Estate Direct.